ETH/USD daily chart - Falling Wedge target

As for Ether, it is now clearly draws a falling wedge pattern on a daily chart. It tested both support and resistance lines four times already for the past 4 months. It now struggles to break above daily EMA ribbon and most likely will test the support level again at around $140 price point. However, if the pattern plays out well, then the long-term target might be up at 320$.